Oct 2, 2012 4:00am EDT
sparked interest. ben bernanke will keep record low interest rates to spark the economy even after if regains momentum. >>> analysts say winter shopping will rise 4.1% this year. that's slightly lower than predictions for the last two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns carried out billion of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multi-billion dollar fraud carried out by bernard madoff began as far back as the early 1970s. this is according to a rewritten indictment bringing four charges against four long time employees. >>> a trader joe's peanut butter recall has spread to chains including whole foods, target and stop and shop. >>> honda is recalling 600,000 accords that may have a faulty power steering hose that can leak fluid and cause a fire. >>> congratulations to yahoo's marissa mayer. the new ceo and her husband welcomed their first child, a baby boy.
Oct 1, 2012 4:00am EDT
while the nasdaq slid 63 points. today investors will here from federal reserve chairman ben bernanke. he'll discuss the fed's new stimulus program. stocks fell after the fed official said the plan will not create jobs. today medicare starts changing the way it does business. the agency will begin fining hospitals that has too many patients return within 40 days because of complication. it could affect 2,200 facilities and the average fine would be about $125,000. and an auction featuring the most famous outlaws in history raked in more than a million dollars. bonnie and clyde went down in a hail of gunfire, bonnie parker had a .38 taped to her thigh. yesterday the guns were auctioned off to the same bidder for a total of $524,000. wh >> ashley morrison here in new york. up next your monday morning weather and in sports a bizarre pre-game collision knocks down redskin starters and knocks them out of the game against the bucs. ♪ [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bount
Sep 29, 2012 8:00am EDT
ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab your backpacks -- [ male annou